Loan Against Property (LAP)

Get financial assistance with your property as collateral
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  • Provide minimal basic documentation
  • Get loan disbursal in no time
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What do we offer?

A sudden requirement of funds is an unavoidable circumstance arising in professional or personal life. Whether a personal necessity (hospitalisation, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments.

In this context, it is imperative to consider an invaluable source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.

  • Construction Finance

This is tailored for the real estate industry, which requires a constant stream of funds. Developers can avail of funding at every stage of construction for timely delivery. 

  • Lease Rental Discounting

A viable financial option if you require a short-term loan. You may opt for an LRD loan if you own residential or commercial, or warehouse premises.

  • Commercial Property Purchase

The property loan propels your immediate and future financial goals towards fruition. You can avail it for a new office space or a retail outlet.

  • Loan Below 1 Cr

A sudden requirement of funds is an unavoidable circumstance arising in professional or personal life. Whether a personal necessity (hospitalisation, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments. In this context, it is imperative to consider an invaluable source of finance known as Loan Against Property (LAP).

  • Loan Above 1 Cr

A sudden requirement of funds is an unavoidable circumstance arising in professional or personal life. Whether a personal necessity (hospitalisation, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments. In this context, it is imperative to consider an invaluable source of finance known as Loan Against Property (LAP).

This is tailored for the real estate industry, which requires a constant stream of funds. Developers can avail of funding at every stage of construction for timely delivery. 

A viable financial option if you require a short-term loan. You may opt for an LRD loan if you own residential or commercial, or warehouse premises.

The property loan propels your immediate and future financial goals towards fruition. You can avail it for a new office space or a retail outlet.

A sudden requirement of funds is an unavoidable circumstance arising in professional or personal life. Whether a personal necessity (hospitalisation, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments. In this context, it is imperative to consider an invaluable source of finance known as Loan Against Property (LAP).

A sudden requirement of funds is an unavoidable circumstance arising in professional or personal life. Whether a personal necessity (hospitalisation, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments. In this context, it is imperative to consider an invaluable source of finance known as Loan Against Property (LAP).

Is the Loan Against Property (LAP) facility for you?

If you are in immediate need of money for personal or business needs, LAP can transpire into an excellent financial decision. All the rights and accruements over the mortgaged property remain with you during the loan period. You can also take a property loan on the assets whose ownership is in your name but are leased out by you.

Simply for infusion into Business, or for a home restoration project or the purchase of a new commercial premises the LAP facility is a worthy financial product to explore.

Why Loan Against Property (LAP) ?

We offer this facility is to enable the borrower to monetize his owned property without selling it. The necessary funds are raised in a short period of time, subject to valuation of the property and the submitted documents. The loan helps the borrower tide over a financial crisis with minimum risk.

Long-term Reference Rate

ABFL has increased its Long-Term Reference Rate (LTRR) by 25 bps to 20.25% p.a. with effect from March 23, 2023. The interest rate on the floating rate loans of tenor greater than 12 months that are linked to the LTRR will be revised upwards by 25 bps. The spread / margin on the said loans will remain unchanged.

Short-term Reference Rate

ABFL has increased its Short-Term Reference Rate (STRR) by 25 bps to 19.25% p.a. with effect from March 23, 2023. The interest rate on the floating rate loans of tenor up to 12 months that are linked to the STRR will be revised upwards by 25 bps. The spread / margin on the said loans will remain unchanged.

Features of L​oan Against Shares/Line of Credit

  • Collateral: Residential, Commercial, Industrial and Warehouse property
  • Tenure: Up to 15 years
  • Maximum loan amount: Up to Rs 75 crore
  • Attractive loan against property interest rates
  • No pre-payment charges upto a maximum of 25% of your outstanding loan,every financial year
  • Loan amount: Up to 60% of property value in case of commercial property, up to 70% in case of residential property

Please ask us for the required set of documents at the time of inquiry to know your loan against property eligibility.

Standard Schedule of Charges

Fore-Closure Charges :

Lock in period is 24 months from the date of final disbursement. No foreclosure is allowed during this period. (This restriction is not applicable for individuals borrowing for personal use) For given application: Please refer page no. 1 and/or 2 of this sanction letter.
Fore-Closure Charges after lock in period is over :

In case of Individual loans (where borrower is individual, with or without co-obligant(s)) for Personal purpose: NIL foreclosure charges In all other cases: 4% of the Principal outstanding amount.
Part pre - payment condition :

25% of the principal outstanding as on 1st April of given financial year will be allowed to be part paid without any charges. (This restriction is not applicable for individuals borrowing for personal use) For given application: Please refer page no. 1 and/or 2 of this sanction letter.
Part Prepayment Charges :

In case of Individual loans (where borrower is individual, with or without co-obligant(s)) for Personal purpose: NIL foreclosure charges In all other cases: 4% of the part payment in access of 25% in given financial year
Additional Note on Foreclosure and Part Prepayment Charge :

Foreclosure or part prepayment charge offered less than standard charges will be applicable only in case of NIL bounce, by applicants, in any of the loans with ABFL during currency of the loan granted vide this sanction letter. Standard charge mentioned here applicable otherwise.
Default Penal Interest Rate / Non Conformance with any covenants / stipulated conditions (at the sole discretion of ABFL) :

24% p.a. i.e. 2% per month
Cheque Return Charges/ECS/SI/NACH failure charges :

Rs 1000/- per instance
Accrued Interest :

As applicable based on actual delayed status or as communicated by the lender from time to time
Cancellation Charges if any :

4.00% of loan amount sanctioned
Closure charges for OD/LOC (Standard charges) :

4% of prevailing limit at the time of closure
Request for copies of documents of any collateral held with ABFL per instance :

Rs 2500/- per instance
Duplicate Statement/ Repayment Schedule / FC statement / any other document held with ABFL request

FC Statement: Rs. 1500/- per instance

RTR: Rs 1000/- per instance

Other statements: Rs. 200/- per instance
Charge For Exchanging PDCs, Security Cheques (Per Set) / ECS /NACH :

Rs 1000/- per instance
CIBIL/Credit report retrieval fee :

Rs 50/- per instance for Consumer and Rs. 500/- for Commercial CIBIL/Credit report
Loan Re-schedulement (on request from applicants, approval to be at sole discretion of ABFL) charges per instance

2% of the prevailing loan outstanding
NOC issuance charges per instance :

Rs 1000
Swap/Conversion Charges (Fixed rate to floating and vice-versa, at sole discretion of ABFL) (on request from applicants, approval to be at sole discretion of ABFL) per instance :

3% of the prevailing loan outstanding
Property swap charges (on request from applicants, approval to be at sole discretion of ABFL) :

3% of the prevailing loan outstanding
Stamp Duty , Legal and other statutory charges , Insurance Premium , Creation charge with ROC :

As per actual, where applicable

Next steps...

  • Do you want complete product details? Download the brochure : Click here
  • If you want to apply for Loan Against Property, download the application form : Click here

Do you have questions?

Call 1800 270 7000 or write us at care.finance@adityabirlacapital.com.
Loan against property (LAP) is extended on a pre-owned property (residential or commercial property) for a legitimate end-use that is disclosed upfront.
The main benefit of LAP is access to liquidity against the mortgage of your existing residential or commercial properties. LAP is an easy tool to leverage your existing assets without compromising on the superior returns they offer.
Self-occupied residential or commercial properties (offices, warehouses, and shops) can be considered as collateral.
Loans can be availed with tenure up to a maximum of 20 years. Repayment will not ordinarily be extended beyond the age of retirement (if you are employed) or on your reaching 60 years of the age, whichever is earlier. However, our endeavour will be to determine the repayment period to suit your convenience.
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